MBA
MBA Career Development
Last Updated on April 27, 2024 by Robert C. Hoopes
The GRE Makes a Comeback in MBA Programs
In recent years, the Graduate Record Examination (GRE) has been steadily gaining ground against the Graduate Management Admission Test (GMAT) in MBA program applications. However, a new report from Poets&Quants reveals that the GRE has experienced a resurgence in 2023.
According to an analysis of 54 top U.S. business schools, 23 schools saw increases in GRE submission rates, surpassing the GMAT at 16 schools. This marks a significant shift from the previous year, where only 9 schools reported higher GRE submission rates.
Notably, Yale School of Management reported the highest median GRE scores at 330, outperforming prestigious institutions like Harvard and Northwestern. Among the top 10 business schools, Stanford led with an average GRE score of 328.
On the other hand, GMAT submission rates continued to decline at 39 of the 54 schools, with some institutions even opting to no longer require entrance exam scores. However, GRE submission volume grew at 23 schools, with Rice Jones and Washington Foster showing the biggest increases.
The trend towards the GRE seems to be on the rise, with 16 schools now reporting higher GRE submission rates than GMAT. Over the past seven years, the GRE has seen increases at 19 of the top 50 schools, while the GMAT has struggled to keep up.
Overall, 12 schools saw declines in both GMAT and GRE submission rates, while 23 schools reported increases in GRE submission rates from 2022 to 2023. As the competition between the GRE and GMAT heats up, it will be interesting to see how this trend continues to evolve in the coming years.
